Review of the Fourth Round of Secondary Funding for the ATOM Economic Zone

CN
15 days ago

ATOM Economic Zone Quadratic Grant Round 4 Review

As the end of the year approaches, the fourth round of the AEZ Quadratic Grant program has successfully concluded. In this round, several highly innovative projects joined the funding list. We are also pleased to see that community participation in the MACI voting phase has reached a new high, marking that the voting results from the Cosmos community will have a significant impact on the allocation of the funding pool.

Currently, the fifth round of funding has officially started. Let us continue to support public goods projects through the AEZ Quadratic Grant program in the new year, promoting the vigorous development of the Cosmos ecosystem.

How to Fund Public Goods: Governance Mechanism Design and Iteration of AEZ Quadratic Grant

As a staunch supporter of Cosmos, DoraHacks focuses on the development of underlying tools, infrastructure, and funding mechanisms to achieve democratic and fair community governance within the Cosmos ecosystem. Based on this, DoraHacks initiated the ATOM Economic Zone (AEZ) Quadratic Grant program to fund public goods and application chain projects within the Cosmos ecosystem - highlighting DoraHacks' support for long-term projects and commitment to the healthy development of the Cosmos ecosystem. The AEZ funding program was initially funded by on-chain node revenues; later, with the passage of Cosmos Governance Proposal 917, the Cosmos Hub and Atom Accelerator (AADAO) provided funding to support the continuous operation of this program for 10 rounds, further expanding the public goods funding capacity of this program.

Quadratic Funding (QF) and Minimal Anti-Collusion Infrastructure (MACI) are the core governance tools developed by DoraHacks for the AEZ community, determining the funding allocation for each round of the AEZ grant program. These mechanisms promote fairness and privacy in voting, ensuring direct community participation in key decision-making processes while mitigating the influence of large stakeholders (whales), thus ensuring the democratic distribution of resources. Each round of the AEZ grant program is divided into two parts of the funding pool; the first part's allocation is determined by QF results, allowing anyone to participate in supporting any project; the second part's funding is allocated based on the results of MACI voting, which is freely open to all ATOM stakers, and DoraHacks' voting system directly covers the on-chain voting transaction fees.

In the fourth round of the AEZ Quadratic Grant, a total of 340 donors participated, and their choices directly determined the allocation of the 8,000 ATOM funding pool. Here, we would like to congratulate Ark Protocol, La Multisig, and jetWallet for securing the first, second, and third places in the community voting, respectively! The complete results and leaderboard can be viewed here.

At the same time, the results of this round's MACI voting determined the allocation of a 31,111 USDC prize pool. Thanks to all ATOM stakers and the entire Cosmos community for their enthusiastic participation; we received a total of 174 registrations. We also want to congratulate all funded teams—especially the new project jetWallet, which topped the voting with a 34.6% vote rate!

Additionally, in the fourth round of funding, DoraHacks upgraded the overall infrastructure of the AEZ grant program, providing users with a more intuitive and user-friendly voting UI, phase timelines, funding data displays, and project showcase UI. As the funding program continues to develop and community participation increases, the infrastructure of the AEZ grant program will also continue to iterate and improve.

What is the AEZ Long-term Quadratic Grant?

With the passage of Cosmos Governance Proposal 917, 80,000 ATOM will be used to fund the long-term funding program AEZ Quadratic Grant for public goods and application chains initiated by DoraHacks in the AEZ (ATOM Economic Zone). This funding is further supported by an additional 200,000 USDC provided by AADAO and 100,000 USDC from Dora Factory. These three funds together constitute the funding pool for the AEZ Quadratic Grant for 10 rounds (Round 2 - Round 11).

The funding pool of the AEZ Quadratic Grant focuses on supporting early public goods and application chain construction in the ecosystem. The funding program starts with ecological infrastructure, working with developers to promote the robust development of the Cosmos ecosystem. All applying projects need to submit a Round commitment to explain the expected use of the grant for this round and the development plan for the next two months. After a rigorous selection and review process, selected projects will be invited to join the project demo for that round to showcase their project content and development plans to the community, with the final allocation of the funding pool determined by the community's on-chain quadratic funding and MACI quadratic voting results.

Overview of Selected Projects for Round 4

The AEZ Quadratic Grant has received widespread support from Cosmos ecosystem developers and has garnered many project applications. A total of 14 public goods projects were selected for Round 4, with 6 projects making their debut on the funding list, which are:

Swift Protocol: A one-stop Web3 information push platform

Round 4 commitment:

  • Plan to launch a monthly subscription service - Swift Guard

  • Plan to launch a free + paid subscription model service - Swift Notify

  • Attract as many validators and organizations as possible through Swift Protocol

  • Plan to expand into the DeFi field and achieve interaction with wallets

SNAILS: Cosmos educational content & user guidance creation tool

Round 4 commitment:

  • Launch the "SLIME Time Challenges" promotional campaign to bring more users to the AEZ community

  • Launch "AEZ University" to release a series of video educational content

  • Optimize the Discord/Telegram bot "Dail"

Cito Zone: Cosmos ecosystem information hub, focusing on publishing Cosmos-related news and encouraging quality content creation

Round 4 commitment:

  • Launch a monthly AEZ community creation incentive program to encourage creators on various platforms to produce quality content.

Apello: A one-stop management application for Cosmos NFTs

Round 4 commitment:

  • Add ATOM token gating to enhance security and exclusivity during user interactions

  • Optimize existing code and introduce a load balancer to optimize the verification process

  • Distribute verification work across multiple servers to improve speed and reliability

jetWallet: A Cosmos wallet based on Telegram Mini-App

Round 4 commitment:

  • Complete the development of the MVP for the Cosmos TMA wallet and finish basic testing

NiftyZK: A tool to help simplify zero-knowledge proof smart contract development

Round 4 commitment:

  • Expand CLI functionality

  • Support Poseidon, Pedersen, MiMC7, and MiMCSponge hash algorithms in project templates. Released in version 0.1.2

  • New Merkle tree tool: Create Merkle trees and verify Merkle proofs via CLI commands. Development completed, will be released with version 0.1.3

In addition, 8 projects continued to be selected for Round 4 funding due to good progress on their commitments from the previous round, which are:

Chain Abstraction: Account abstraction tools and infrastructure for Web3 applications

Round 3 completed commitment:

  • Achieved smooth gas payment

  • Compatible with Passkeys, updated Session Keys, and x/authz

  • Created video demo

Round 4 commitment:

  • Establish Registry Contract

  • Automatically convert to the target chain's gas token when transferring assets across chains

  • Release product video

  • Update documentation for all released packages

Lunar HQ: Providing multi-chain NFT token gating solutions for the Cosmos ecosystem

Round 3 completed commitment:

  • Redesign user guidance process and UX

Round 4 commitment:

  • Complete the construction of B2B terminals connecting to Ark Protocol.

  • Complete the reconstruction of the project's Discord client to accommodate backend updates from the past few months.

Interchain Attestation (formerly Pessimistic Validation): A cross-chain authentication tool that allows any chain to securely authenticate across chains without light clients, enabling IBC connections.

Round 3 Completed Commitment:

  • Rebuilding product architecture and documentation

  • Development of the initial alpha version for Devnet and testnet

  • Deployment of the first test version

  • Configuration of a complete E2E testing suite

Round 4 Commitment:

  • Develop EVM PoC supporting IBC Eureka

  • Release the first testnet version

  • Beta version development: Integrate incentives and slashing mechanisms

La Multisig: An educational and media platform dedicated to promoting Cosmos-related content within the Spanish-speaking community.

Round 3 Completed Commitment:

  • Redesign of user guidance processes and UX

  • Successfully hosted two major offline events: Blockchain Bridge Baires 2024 and Cosmos BA 2024

Round 4 Commitment:

  • Launch the "Web3 Knowledge Hub" blog section

  • Host three La MultiMeet offline events

  • Introduce a series of AEZ-themed workshops (online + offline)

Warp CLI: A tool for cross-chain smart contract development, testing, and deployment based on CosmWasm.

Round 3 Completed Commitment:

  • Fully compatible with Sei

Round 4 Commitment:

  • Confirm collaboration with Injective, delivering basic support for Injective

  • Completely migrate the infrastructure on GitHub from archway-warp to cw-warp, aligning the project more closely with the goal of supporting CosmWasm development

  • Build a customizable toolchain (workflow) based on the concepts of chain configuration files and blockchain abstraction layer

on-chain registry: An oracle for processing Cosmos asset metadata.

Round 3 Completed Commitment:

  • Project contract upgrade to support multiple registries

  • Establish OCR governance DAO

Round 4 Commitment:

  • Add channel metadata for all chains supported by the project

  • Integrate Cosmos Chain Registry into the project contract to support Cosmos Chain Registry oracle / Web3 API

Ark Protocol: An Interchain NFT Hub, including an NFT cross-chain gateway, community interaction interface, creator entry, and browser (Interchain Compass Gateway).

Round 3 Completed Commitment:

  • Brand new UX design

Round 4 Commitment:

  • Cosmos Hub on-chain proposal - Whitelist Ark development wallet and upload Interchain NFT contract

  • Release Interchain Launchpad

  • Expand to more blockchains: Integrate three new chains, including Injective, Neutron, and Migaloo

  • Release two Interchain NFT Collections - Ark Passport, PFP Collection

  • Utilize Interchain Launchpad for NFT minting

Cosmos-indexer SDK: A Cosmos application data indexing tool developed by the Defiant Labs team.

Round 3 Completed Commitment:

  • Optimize Cosmos-Indexer - Helping developers interact with different blockchains more easily and reduce manual adjustments during operation

Round 4 Commitment:

  • Develop Probe interface

DoraHacks is pleased to support the long-term development of these 14 projects alongside Cosmos Hub and Atom Accelerator, and we look forward to witnessing their further growth in the future.

Looking Ahead to Round 5

The AEZ Quadratic Grant Round 5 is now open for submissions! If you are a developer dedicated to public goods and application chain construction within the Cosmos ecosystem, please ensure to apply before January 15, 2025: https://dorahacks.io/aez

Meanwhile, the quadratic funding (QF) voting channel is now open! We welcome donations of ATOM to vote for your favorite projects; your participation will directly determine the allocation of their 8,000 ATOM funding pool for this round.

MACI voting will begin on January 22—please ensure to stake ATOM in advance to be included on the whitelist.

As the two-year AEZ funding program has reached its halfway point, we are very pleased and amazed by the progress made by many funded projects. Let us work together to contribute to the next generation of public goods projects in the Cosmos ecosystem and co-author this journey!

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